PayPal’s PYUSD Expansion: Threat to USDT in Stablecoin Market

PayPal is significantly expanding its USD-pegged stablecoin, PYUSD, by integrating it into its merchant solutions and global payment platforms. This move could challenge the dominance of Tether (USDT) as a key player in the stablecoin market. 20 million merchants will soon utilize this feature, enabling them to pay vendors with ease and efficiency across borders. PayPal’s ambitious strategy aims to become a direct competitor to Tether by leveraging its extensive merchant network.